Which paid more, PAPI or QXQ?

Over the year to Nov 12, 2026, PAPI paid 8.0% of its starting price in cash and QXQ paid 15.1%, so QXQ paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, PAPI or QXQ?

With every distribution reinvested, PAPI returned +18.5% and QXQ +12.1% over the year to Nov 12, 2026.

Which is cheaper, PAPI or QXQ?

PAPI charges 0.29% a year and QXQ charges 0.98%, so PAPI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 12, 2026.

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PAPI vs QXQ: Dividend Yield & Total Return

Return, fees and overlap, side by side.

Return gap

+6.4 pts

1 year to Nov 12, 2026: PAPI ahead, total return

Fee gap

0.69 pts

A year: PAPI 0.29%, QXQ 0.98%, per filings dated Jan 5, 2026 and Feb 2, 2026

Overlap

–

No book read for both funds

Net flow

–

Needs daily flows for both funds

Pair scorecard

PAPI costs 0.69 points a year less; their one-year returns differ by 6.4 points.

Points (pts) are percentage points.

PAPI vs QXQ: Dividend Yield & Total Return
Measure	PAPI	QXQ
Paid and earned
Measure	PAPI	QXQ
Total return, 1 year	+18.5%	+12.1%
Price change, 1 year	rose 9.8%	fell 4.7%
Against its benchmark
Measure	PAPI	QXQ
Benchmark	iShares Russell 1000 Value ETF, measured through IWD	Nasdaq-100, measured through QQQ
Cost and size
Measure	PAPI	QXQ
Expense ratio	0.29%	0.98%
Net assets, PAPI as of Jun 30, 2026 and QXQ as of Aug 31, 2026	$400m	$82m
Holdings
Measure	PAPI	QXQ
Holdings in common	not published

ETFIQ Distribution Coverage Score · PAPI scores higher How much of what it paid out did its total return cover?

IQ Income Score94.4PAPI52QXQ

How much of its payouts the fund's total return covered, ranked against 171 income ETFs not writing on a single company. 100 is best. How it is computed

PAPI 94.4

QXQ 52

0.3, the lowest in this set 99.7, the highest

One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →

Method

Key numbers

8.0%

PAPI cash paid, 1 year

15.1%

QXQ cash paid, 1 year

+18.5%

PAPI total return, 1 year

+12.1%

QXQ total return, 1 year

PAPI · 1 year to Nov 12, 2026 9.8 pts behind IWD

PAPI

+18.5%

IWD

+28.3%

9.8 pts behind IWD

PAPI over 1 year: paid 8.0%, price +9.8%, total +18.5%, IWD +28.3%, −9.8 pts. Data to Nov 12, 2026.

IWD

+28.3%

PAPI

+18.5%

8.0% as cash

9.8 pts behind IWD

Total return, distributions reinvested

9.8 pts behind IWD

PAPI over 1 year: paid 8.0%, price +9.8%, total +18.5%, IWD +28.3%, −9.8 pts. Data to Nov 12, 2026.

IWD

+28.3%

PAPI

+18.5%

9.8 pts behind IWD

8.0% of it arrived as cash. Total return, distributions reinvested. PAPI over 1 year: paid 8.0%, price +9.8%, total +18.5%, IWD +28.3%, −9.8 pts. Data to Nov 12, 2026.

Data to Nov 12, 2026.

QXQ · 1 year to Nov 12, 2026 0.8 pts ahead of QQQ

QXQ

+12.1%

QQQ

+11.3%

0.8 pts ahead of QQQ

QXQ over 1 year: paid 15.1%, price −4.7%, total +12.1%, QQQ +11.3%, +0.8 pts. Data to Nov 12, 2026.

QQQ

+11.3%

QXQ

+12.1%

15.1% of it arrived as cash

0.8 pts ahead of QQQ

Total return, distributions reinvested

0.8 pts ahead of QQQ

QXQ over 1 year: paid 15.1%, price −4.7%, total +12.1%, QQQ +11.3%, +0.8 pts. Data to Nov 12, 2026.

QQQ

+11.3%

QXQ

+12.1%

0.8 pts ahead of QQQ

15.1% of it arrived as cash. Both charts share one scale, with zero at the line. QXQ over 1 year: paid 15.1%, price −4.7%, total +12.1%, QQQ +11.3%, +0.8 pts. Data to Nov 12, 2026.

Data to Nov 12, 2026.

Side by side

PAPI Parametric Equity Premium Income ETF · Writes options on the S&P 500, measured against the Russell 1000 Value Index, paying monthly QXQ SGI Enhanced Nasdaq-100 ETF · Covered call on QQQ, paying quarterly

Issuer Parametric SGI

Strategy covered call covered call

Benchmark iShares Russell 1000 Value ETF (IWD) Nasdaq-100 (QQQ)

Pays monthly quarterly

Payout rate, annualized 6.9% 1.0%

Expense ratio 0.29% 0.98%

Cash paid, 1 year 8.0% 15.1%

Price change, 1 year +9.8% −4.7%

Total return, 1 year +18.5% +12.1%

Benchmark return, 1 year +28.3% +11.3%

Ahead or behind −9.8 pts +0.8 pts

Return of capital, latest estimate not published not published

Age 3.1 years 2.4 years

Net assets, PAPI as of Jun 30, 2026 and QXQ as of Aug 31, 2026 $400m $82m

As of Nov 12, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: PAPI vs QXQ: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	PAPI	QXQ	PAPI	QXQ	PAPI	QXQ
3 months	+3.9%	−5.4%	1.8%	0.2%	+1.9 pts	+0.5 pts
6 months	+13.4%	−3.8%	3.9%	0.5%	+0.9 pts	+0.4 pts
1 year	+18.5%	+12.1%	8.0%	15.1%	−9.8 pts	+0.8 pts
3 years	+46.0%	–	24.3%	–	−38.4 pts	–
Since launchNot the same days: PAPI Oct 2023 · QXQ Jun 2024	+43.6%	+47.7%	23.9%	22.8%	−42.5 pts	+2.2 pts

– means no data for this window. Open this comparison in the app →

Alert

About each fund

PAPI

Over the year to Nov 12, 2026, PAPI paid 8.0% of its starting value in cash distributions while its price rose 9.8%. With every distribution reinvested, the fund returned +18.5%. iShares Russell 1000 Value ETF (IWD) returned +28.3% over the same days, so a holder was behind by 9.8 pts. At its price on Nov 12, 2026 the latest distribution annualizes to 6.9%, paid monthly.

QXQ

Over the year to Nov 12, 2026, QXQ paid 15.1% of its starting value in cash distributions while its price fell 4.7%. With every distribution reinvested, the fund returned +12.1%. Nasdaq-100 (QQQ) returned +11.3% over the same days, so a holder was ahead by 0.8 pts. At its price on Nov 12, 2026 the latest distribution annualizes to 1.0%, paid quarterly.

Questions people ask

Which paid more, PAPI or QXQ?: Over the year to Nov 12, 2026, PAPI paid 8.0% of its starting price in cash and QXQ paid 15.1%, so QXQ paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, PAPI or QXQ?: With every distribution reinvested, PAPI returned +18.5% and QXQ +12.1% over the year to Nov 12, 2026.
Which is cheaper, PAPI or QXQ?: PAPI charges 0.29% a year and QXQ charges 0.98%, so PAPI is cheaper. Fees come from each fund's prospectus.

Other comparisons

PAPI vs TDAQ PAPI vs CAIQ PAPI vs IQQQ PAPI vs XQQI QXQ vs YLDE QXQ vs SDVD QXQ vs VAIE QXQ vs QVOL

Where to next

iShares Russell 1000 Value ETF (IWD) →Nasdaq-100 (QQQ) →PAPI on its own →QXQ on its own →PAPI dividend history →PAPI holdings →QXQ dividend history →Method →Standards and sources →

Sources and dates

PAPI filings on SEC EDGAR ↗

PAPI prospectus with the expense ratio (SEC) ↗

Parametric website ↗

QXQ filings on SEC EDGAR ↗

QXQ prospectus with the expense ratio (SEC) ↗

SGI website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, PAPI against QXQ, data as of Nov 12, 2026. https://etfiq.com/compare/income/papi-vs-qxq

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.

Net assets: $400m on Jun 30, 2026 for Parametric Equity Premium Income ETF, and $82m on Aug 31, 2026 for SGI Enhanced Nasdaq-100 ETF.

PAPI on its own →QXQ on its own →

Growth of 100

PAPI and QXQ

Total return, distributions reinvested, 1 year.

PAPI +18.5%QXQ +12.1%

Nov 12, 2025Nov 12, 2026

PAPI +18.5%, QXQ +12.1%: PAPI +6.4 pts ahead, 1 year, Nov 12, 2025 to Nov 12, 2026.